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Thread: The Cape by FEO breaking psf in D15

  1. #1
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    Default The Cape by FEO breaking psf in D15

    Received a SMS from FEO, they are launching this FH project next to SilverSea with expected asking price ~$2000psf. That makes Seaview and other surrounding properties look cheap. I believe the takeup rate should be high as FEO projects are doing very well so far.
    Last edited by TOP; 9th January 2011 at 05:00 PM.

  2. #2
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    Quote Originally Posted by TOP
    Received a SMS from FEO, they are launching this FH project next to SilverSea with expected asking price ~$2000psf. That makes Seaview and other surrounding properties look cheap. I believe the takeup rate should be high as FEO projects are doing very well so far.
    another FEO project setting for record prices.... wonder if people are going to be stupid enough to buy.... which FEO has been successful.

    Just remember Bishan 8. launched and sold at record 1k psf in the mid 90s. (by guess who...) The current prices hasn't caught up yet.

    At least Cape is FH, price will eventually catch up. Bishan 8 may not be that lucky and age and 99yrs running out....

  3. #3
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    what an interesting historical parallel, are we reaching there soon?

    2000 psf in that area.... it's nice and sea facing but that's still a bit too much considering that it's quite a high dense area?

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    I think it is time the media interviews all these goons and ask them what motivation they have to pay these ridiculous prices

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    the logic seems to be .... seaview or one amber also 1400-1600 psf, silversea can't go wrong with the super seaview, good quality finish and iconic landmark, so now they are like asking 1800-1900psf. was told that silversea is a bargain since The Cape is going to push the price in the area further!

    they may need to add conceirge service (can't even spell the word), free pickup from airport .. etc and whole lots of value added to complete the 2000psf story

  6. #6
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    silversea is 99yr LH and facing highway too.... Cape too small to command that kind of premium.

    Will go for sea view, any time

  7. #7
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    Quote Originally Posted by sh
    silversea is 99yr LH and facing highway too.... Cape too small to command that kind of premium.

    Will go for sea view, any time
    Actually I found out that the smaller units (1 bedders, 2 bedders) in silversea are facing Sea View condo (not 'sea view' as in the view of the sea). If that is the case, Sea View is definitely much much nicer and more worth the price. $1,800psf for a condo at that little plot of land is not worth it. Sea View is so huge and also freehold. Much better location.

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    To justify $2000 psf, the Cape comes with:

    76 units, 16 storeys, 4 LIFTS SERVICE!
    76 car park lots on 1st level AND EXTRA 2 BASEMENT CARPARKs! Meaning every unit can own 3 cars each? This is rare

    I am sure Seaview owners can't wait to see the successful launch 0f their neighbour. They will change their asking from S$1400psf to S$1800psf

  9. #9
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    This is kind of ridiculous justification.... well at least for 2000psf. who's going to buy that argument?

    Shall be watching the take-up rate with keen interest.

  10. #10
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    Quote Originally Posted by TOP
    To justify $2000 psf, the Cape comes with:

    76 units, 16 storeys, 4 LIFTS SERVICE!
    76 car park lots on 1st level AND EXTRA 2 BASEMENT CARPARKs! Meaning every unit can own 3 cars each? This is rare

    I am sure Seaview owners can't wait to see the successful launch 0f their neighbour. They will change their asking from S$1400psf to S$1800psf
    I feel that Sea View has been under-noticed recently because of the upcoming developments but once all are built up, people will notice Sea View's well-maintained estate and its upmarket lobbies and build quality trump the projects around that area.

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